Kratos Defense & Security Solutions (NASDAQ:KTOS) Upgraded at StockNews.com

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a report issued on Wednesday.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada dropped their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Robert W. Baird increased their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. Finally, B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and a consensus price target of $33.33.

Kratos Defense & Security Solutions Stock Down 0.5 %

Shares of KTOS stock traded down $0.18 during midday trading on Wednesday, reaching $33.09. 2,131,494 shares of the stock were exchanged, compared to its average volume of 1,609,019. The company's 50 day moving average is $29.48 and its two-hundred day moving average is $28.31. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The firm has a market cap of $5.06 billion, a PE ratio of 330.93 and a beta of 1.01. Kratos Defense & Security Solutions has a 1 year low of $17.05 and a 1 year high of $35.66.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,000 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $32.99, for a total value of $197,940.00. Following the sale, the insider now owns 288,048 shares in the company, valued at approximately $9,502,703.52. The trade was a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total transaction of $40,680.00. Following the sale, the senior vice president now directly owns 60,443 shares in the company, valued at approximately $1,639,214.16. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,168 shares of company stock valued at $2,525,600 in the last three months. 2.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds have recently made changes to their positions in the business. WealthPlan Investment Management LLC bought a new stake in Kratos Defense & Security Solutions during the fourth quarter worth approximately $461,000. Cornell Pochily Investment Advisors Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $207,000. Lord Abbett & CO. LLC increased its position in shares of Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock valued at $15,501,000 after purchasing an additional 86,567 shares during the last quarter. MRA Advisory Group purchased a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at $448,000. Finally, Robertson Stephens Wealth Management LLC lifted its position in Kratos Defense & Security Solutions by 121.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company's stock worth $801,000 after buying an additional 16,650 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.